Three Women Clear Their Closets In Hopes of the Dollars Pay back

Then you will discover those closets filled with the faded jeans and fringe jackets with the '70s for the reason that you never know what could come back in design. The great michael kors tote news? All those underused, overstuffed closets can be rotated from clothing chaos into dollars to suit your needs. Simply click here for guidelines on turning junk-drawer finds into chilly tough money! "You do not really need to have designer, luxury items inside your closet," Karen Bard Sayah, Trend PR & Social Media Managertrend expert for the online shopping site eBay, told "Good Morning America." "Designers that we all know and love sell really well on eBay," Bard Sayah said. "Things from stores like the Gap and JCrew, they really hold their value." To see just what kind of value everyday outfits can hold, "GMA" embarked on a closet challenge, inviting 3 women of all michael kors canada ages to open their closet doors to see what, if any, hidden treasures could be buried among the piles. The first woman to try our closet challenge on for size was Cathy Breck, a pregnant mother of one whose closet in her Old Greenwich, Conn., home, we discovered, was a reflection of her optimistic personality and jam packed with pre-pregnancy apparel she hoped would one day fit again. "I mean, I want to save it, I think I'm going to get into it," she said in the size-6 shirts, pants and dresses that filled her closet walls. "But the reality is I you should not think I'm getting into half these clothing." As Breck's closet contents were revealed, we discovered her closets were also practically a designer outlet, filled with high-end labels from Michael Kors to Tory Burch Sale. "One with the most popular brands on eBay for bags is Tory Burch Shoes," Bard Sayah said. "A bag like this can go for upwards of $175," she said, pointing to just one in the bags buried at the bottom of Breck's closet. From the designer outlet hidden in Breck's closet, we headed to the Farmingdale, Long Island, home of Denise Cavrell and discovered her closet was really not a closet, but an entire basement jam packed with old clothing. "I'm thinking how many outfits can one person possibly ever wear?" asked Denise's husband, Paul, on the clothes accumulation he was ready to see leave his home. But Denise found it harder to part with her old objects, a common problem that leads to closet overload instead of cold really hard funds. "This was my prom dress," Denise said, pointing to a gold lame number. "You know, I hate to part with this due to the fact I have excellent memories." Once Denise got past her memories, she got to work, pulling out a dress, designer suits and then, in the very back of her closet, old maternity garments from your popular "Mimi Maternity" line that can be her big payoff. "Someone sold her maternity lot for $405 dollars," Bard Sayah said of the previous seller on eBay who sold all her old maternity apparel on the site as one package instead of listing them each individually, a smart way to raise the items' value. The final leg of "GMA's" closet challenge led us to the Riverside, Conn., home of Elizabeth Barth, a former Wall Street power broker whose closet was packed with old 9-to-5 power suits she had traded in for more "play-date" friendly gear. "I by no means wear a suit, ever," Barth admitted as she looked at what was taking up all the space in her closet. "So, goodbye suit." Barth also managed to dig out, and say goodbye to, more casual clothing, from a pair of JCrew michael kors wallet wedge sandals to pants and even a cowboy hat, that she knew were past their prime for her design and style, but could possibly earn her cash. Bearing bags and bags of apparel pulled from the closets of our 3 challenge contestants, we arrived at the front door with the New York outpost of michael kors uk Buffalo Exchange, one on the country's biggest "buy-sell-trade" chains. Bree Turnier,the manager on the Buffalo Exchange store in Williamsburg, Brooklyn, told "GMA" the chain looks for the 3 "Cs" of clean up, current and superior condition when deciding which items to buy and determining their value. "We take all labels and all price ranges," she said. Most importantly for your wallet, the store offers the individual seller 30 percent of what they would sell it for in the store. "You get the money to take home with you that day," explained Turnier from the store's day-of, money return policy. The money that "GMA's" a few closet contestants took home with them that day from Buffalo Exchange alone range up to more than $200, including $153 for Breck's designer duds, $52 for Cavrell's sentimental garments and $46 for Tharp's power suits. And what didn't make the cut at Buffalo Exchange could still be sold at another popular "buy-sell-trade" chain such as Plato's Closet, with stores in more than 300 cities, at a consignment store like Goodwill or Salvation Army, or on eBay, where it's free to list and sell items. Just like with a new product, you will find key suggestions for marketing your used clothes to get the highest bidder: The key phrase is "GENTLY WORN." Everything should be in good condition- michael kors purses no stains, deodorant marks, or holes with your outfits if you want to see them sold. Presentation is key. Make sure the dresses you're selling are wrinkle-free with the buttons buttoned and zippers zipped too. Keep your sales IN SEASON. For summer, feature your swimsuits, sundresses, sandals and sunglasses. Then, look ahead to next season and start gathering fall objects like sweaters, coats and scarves to sell in August. Watch current trends. Places like Buffalo Exchange and eBay want what's hot now- bright colors, neutrals, patterns and slim cuts, for example. And never forget to look ahead to what's trending for fall. Mall brands are easy sells. JCrew, Gap, Ann Taylor ... anything recognizable is popular on the resale market. The classics have longevity. Vintage does well if it's a timeless cut, color or brand. If you have extremely dated garments with out of design and style cuts they will not sell. Summertime is selling time. Summer is a great time to sell on eBay as people are starting to think about back-to-school looks for less Package your picks. Maternity, baby and kids dresses can be bundled for each stage and sold in lots. Do your research. Check out the websites or call "buy-sell-trade" stores and see what they are in the market for now. eBay has developed its own "Fashion Guide," for example, that helps sellers know what's in high demand and what sells for top prices. With all those strategies in mind, we described our contestants' remaining closet finds to Bard Sayah to see what kind of interest she though they could garner on eBay, and here's what she said. Remember the brand new, brown leather Tory Burch Handbags Cathy Breck found buried under the pre-pregnancy clothing in her closet? Bard Sayah estimates the good condition and high-end name on the bag could fetch up to $400 on eBay The maternity clothing buried in Denise Cavrell's basement could possibly be bundled together and sold as a lot for as much as $200-$300, and her Tahari business suits could get $120, for a total of more than $400 funds for Denise. And the power suits that worked for Elizabeth Barth on Wall Street but not at home in Connecticut? Her hot pink Giorgio Armani suit jacket could go for as much as $125, Bard Sayah estimates, while her Ann Taylor suits could fetch $90 each. And after all your tricky work cleaning your closets and selling your goods is done, you should not forget an extra, final step that could earn you even more money arrive tax time. Tell Uncle Sam to "Show me the money" come tax time by claiming the charitable tax deduction. From your donated objects, you can deduct the "fair market value" - the price a buyer would be willing to pay for them. If the merchandise you've donated is worth less than $500, you simply list the amount on your 1040's Schedule A. If you report donations worth more than $500, you must fill out IRS form 8283. In this article you will must identify and value the objects - noting when you bought them, approximately, and how much you paid for them, also approximately. For any item worth more than $250, you need a receipt in the charity. And for any single item worth more than $5000, it's necessary to get an independent appraisal.